Cutoff price for auctioned right shares of Mero Microfinance stand at Rs.510; almost 1000 applicants bid for the issue

Tue, Jun 4, 2019 4:34 PM on Auction, Latest, Others,
Cutoff pri...

Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) had closed the auction of its unsold 209,649 units right shares on Jestha 14, 2076. The bid opening date for the same was on 20th Jestha, 2076 i.e. yesterday.

This auction was opened since Jestha 7, 2076. Global IME Capital Limited has been appointed as the issue manager for the auction.

As per the issue manager, the cut off price for the auctioned shares stand at Rs.510. A total of 998 applicants had placed their bids for the auction.

The microfinance company had issued 3,289,000 units as 100% right shares. Out of the issued shares, 25,172 valid applicants were allotted 3,079,351 units. The allotment process took place on 17th Baisakh, 2076.